Laureate Education ( (LAUR) ) has shared an update.
Laureate Education, Inc. reported impressive financial results for the third quarter of 2024, with a 2% increase in revenue to $368.6 million and a significant rise in net income to $85.3 million, driven by a discrete tax benefit and higher operating income. The company also saw a 5% increase in total enrollments for the nine months ending September 30, 2024. Looking ahead, Laureate projects continued growth, with expected revenues of up to $1,556 million and Adjusted EBITDA of up to $451 million for the full year, reflecting strong performance in its Mexico and Peru markets.
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